How does the GDP help determine the economic health of a nation?

Answers

Answer 1

So the GDP is one of the primary indicators used to gauge the health of a country's economy.
It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy.
SO with that, you can tell the economic health of an economy.

Answer 2

Answer:

Pt2 of 5) LLT stands for limited liability corporation. LLT is separate from your personal finances. It protects business owner when the thing goes bad. It’s the best choice for those who want to legally structure their business separately from their personal assets.

Explanation:

Related Questions

which is the reason why, in a free-market society, the government passes laws against theft, coercion, and fraud?

Answers

The reason is to protect freedom of choice.

A free market system is used in economics to determine the prices for goods and services. These prices are set by consumers and the market so they can vary based on time of year or product. The laws within the market in a free market system are not controlled by the government but controlled by supply and demand. Due the consumers controlling the market prices, it's important for the government to pass laws on theft, coercion and fraud because even though the market isn't heavily controlled by the government, there is still laws that have to be followed. The goods and services are not free and are not to be stolen just because.

The two primary factors affecting an entrepreneur's choice of legal ownership for a venture are ________ and ________.

Answers

The two primary factors affecting an entrepreneur choice of legal ownership for a venture are TAXES AND LEGAL LIABILITY.
The type of business that an entrepreneur establish will determine the type and the amount of tax that it will be required to pay. The legal liability of the entrepreneur determines the extent to which he can be liable in case he finds himself in a financial mess. The entrepreneur should try and minimize the impacts of these two factors.

What is your typical approach in a new, ambiguous work situation?

Answers

My typical approach would be different from many other peoples, but sense one of the meanings of ambiguous is to be unclear, uncertain, or vague, then i would say that my typical approach would be to try and make the situation make more sense.

Derick started a manufacturing firm of his own quite recently. His country’s government provides grants and implements policies to motivate entrepreneurs. Which trend is responsible for such opportunities for entrepreneurs?
lack of taxes
advent of globalization
advent of design thinking
growth of venture capitalists

Answers

"advent of globalization" The advent of globalization has sparked a trend of entrepreneurs.

Advent of globalization trend is responsible for such opportunities for entrepreneurs. Thus, option A is correct.

Who is an entrepreneur?

A person can be said to be an entrepreneur if he or she starts a business and invest the money to start from the ground. An entrepreneur takes a major risk in launching their business and has a business plan and strategy ready. As the person takes the risk, the same person enjoys the benefit as well as the losses with come from it.

As a person is opening new manufacturing come or any kind of industry nowadays, the government has been given lots of rebates and concessions as well as brands that have various policies included that true to promote manufacturing in their own country and increase their economic position as well as GDP. Also provides job opportunities.

Derick successfully formed his independent production plant. The administration of his nation's development and capacity building by enacting laws as well as offering subsidies. Therefore, option A is the correct option.

Learn more about entrepreneur, here:

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Which sentence is an example of a core value?

A.) I think eating a light dinner is best for one’s health.

B.) I love chocolates.

C.) My family is very important to me.

D.) New York is a vibrant city.

Answers

C. is the correct answer

Answer: C. My family is very important to me.

Explanation: edmentum pretest

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